Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Arkansas
ARDURMANQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.64
Year-over-Year Change
8.92%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Arkansas measures the real output of the durable goods manufacturing sector in the state. This metric is a key indicator of economic activity and can inform policymakers and analysts about the health of the state's manufacturing industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index tracks the real output of durable goods manufacturing industries in Arkansas, which includes categories such as fabricated metal products, machinery, computer and electronic products, and transportation equipment. The index provides a comprehensive measure of the sector's productivity and performance over time.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This index is widely used by economists, policymakers, and industry analysts to assess the state of Arkansas's manufacturing sector and its contribution to the overall state economy.
Key Facts
- Arkansas's durable goods manufacturing sector accounts for over 10% of the state's GDP.
- The index has shown steady growth over the past decade, indicating a strengthening manufacturing base.
- Durable goods manufacturing is a major employer in Arkansas, providing jobs for over 100,000 workers.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Arkansas measures the real output and productivity of the durable goods manufacturing sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the health and performance of Arkansas's manufacturing industry, which is a significant contributor to the state's economy. It provides valuable insights for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This index is used by policymakers, economists, and industry analysts to assess the state of Arkansas's manufacturing sector and its impact on the overall state economy. It can inform decisions related to economic development, investment, and policy interventions.
Q: Are there update delays or limitations?
A: The index is updated regularly by the U.S. Bureau of Economic Analysis, with the most recent data typically available within a few months of the reference period. There may be some limitations in the data due to the challenges of accurately measuring complex manufacturing activities.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Arkansas (ARDURMANQQGSP), retrieved from FRED.